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Greenwich Village

Updated Nov 4, 2023

Daniel Humm Sells Greenwich Village Condo To Randy Lerner For $17M
SOLDCondo

Daniel Humm Sells Greenwich Village Condo To Randy Lerner For $17M

Greenwich Village

$17,000,000

Building Size

Asset Type

Condo

Closing

Jul 25, 2023

About this deal

AI

Daniel Humm, the award-winning chef and owner of Eleven Madison Park, has sold his penthouse in Greenwich Village for $17 million. The condo, located in the vibrant Greenwich Village market, was purchased by Randy Lerner. The sale marks a 17% profit for Humm, who had bought the property just two years ago for $14.5 million.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $17,000,000
  • Market: Greenwich Village
  • Buyer: Randy Lerner
  • Seller: Daniel Humm

This deal showcases the success of Daniel Humm as both a chef and a real estate investor. Humm's ownership of Eleven Madison Park, known for its exquisite culinary experiences, has evidently extended to his investment ventures. With a profitable return on his Greenwich Village penthouse, Humm demonstrates his keen eye for valuable properties.

Players

New York Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Deal FAQ

Daniel Humm bought a home in New York for $17M in 2023. The full closing is on this page.

Browse New York condo sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.93%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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